Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Finally A Trendline Break!

Today we saw our first trendline break (of multiple bottoms) in a long time!  As suggested, a close below 1035 should cause us to re-establish some shorts.  At this point, the next levels of support are:

  • S&P 1006
  • S&P 963
This nine month move has finished a rising wedge pattern that portends a challenge of these levels.